Global Assembly Automation Market Growth Accelerates: Key Trends & Forecasts 2024 | Valuates Reports

Assembly Automation Market Size

The global Assembly Automation market is projected to grow from US$ 57650 million in 2024 to US$ 94580 million by 2030, at a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period.

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Major Trends in the Assembly Automation Market:

1. Advancements in Robotics and AI: Integration of robotics and artificial intelligence in assembly automation to enhance precision, speed, and efficiency.
2. Shift Toward Industry 4.0: Adoption of smart manufacturing technologies like IoT, digital twins, and predictive analytics for streamlined operations.
3. Rising Demand for Customization: Growth of modular and flexible assembly systems to cater to varied production needs and product variations.
4. Energy Efficiency and Sustainability: Focus on green manufacturing processes and energy-efficient machinery to meet sustainability goals.
5. Increased Adoption Across Industries: Expansion of assembly automation in sectors like automotive, electronics, healthcare, and aerospace due to labor cost savings and quality improvement.
Major Challenges in the Assembly Automation Market:

1. High Initial Costs: Significant upfront investment required for deploying automated systems can deter adoption, especially for small and medium enterprises (SMEs).
2. Workforce Skill Gap: Lack of trained personnel to operate and maintain advanced automation systems poses a challenge.

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Assembly Automation Market Share

Global Assembly Automation key players include ABB, FANUC, Siemens, etc. Global top three manufacturers hold a share about 14%. Asia Pacific is the largest market, with a share about 55%, followed by Europe and North America, both have a share over 41 percent. In terms of product, Robot Automation Equipment is the largest segment, with a share over 78%. And in terms of application, the largest application is Automobile, followed by 3C Industry, etc.

By Type
• Robot Automation Equipment
• Other Automation Equipment
• Central Control System

By Application
• Automobile
• 3C Industry
• Metal Industry
• Medical

Key Companies
ABB, FANUC, Siemens, Yaskawa, Emerson, Kuka, Rockwell Automation, Dürr Group, Stäubli International, SCHUNK, Universal Robots, Epson, Estun Automation, CSG, Manz

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This release was published on openPR.